Product Purchasing Clause Samples
The Product Purchasing clause defines the terms and conditions under which a buyer may purchase products from a seller. It typically outlines the process for placing orders, acceptable methods of payment, delivery timelines, and any requirements for order confirmation or acceptance. This clause ensures both parties understand their obligations regarding the purchase transaction, helping to prevent misunderstandings and disputes over how products are ordered, paid for, and delivered.
Product Purchasing. The Buyer initially agrees to purchase the existing Company non-computer products from the sources named by the Company. This would include, but not be limited to, the glasses made for pilots and marksmen (the "Foggles Products"). Should Buyer in the future, be able to purchase, or have manufactured, or manufacture, these Foggles Products at a price lower than the present manufacturers or suppliers, or in an improved state of quality, Buyer will provide Sellers with an option to meet such prices and quality before transferring the purchasing to another source. Buyer would, of course, retain the right to transfer its purchasing to a new source for a violation of the Agreement by the sources named by the Company, or the failure to deliver consistent quality or product on a timely basis.
Product Purchasing. HAPSMobile will own following object procured from [***]: · [***] · [***] · [***] · [***]
Product Purchasing. Host’s local purchasing personnel may provide Concessionaire with advice and counsel regarding product specifications, product selection and vendor selection.
Product Purchasing. Celestica is solely responsible for performing purchasing services which shall include: placing and expediting purchase orders with OEMs and other suppliers, accepting shipments, managing quality issues, achieving cycle time reductions, measuring and communicating supplier performance, canceling and rescheduling product shipments in support of schedule changes, and other supplier management services that the Parties agree are relevant and appropriate. Netgear hereby authorizes Celestica to purchase Products and Netgear specified integrated circuits (I.C.'s) as necessary to fulfill Netgear forecasts. Any OEM or other source of supply shall be jointly qualified and managed by Celestica, subject to Netgear's prior written approval and consistent with the quality requirements set forth in the relevant Product Specification. Netgear's approval shall normally be provided within fourteen (14) days and, in any event, shall not be unreasonably withheld or delayed. The Parties acknowledge that in some instances only the component of a specified supplier may be used in a Product. Netgear or a designated third parry may perform inspections ("Source Inspection") of business systems and processes of a supplier or subcontractor facility whenever Netgear decides it is necessary. The Source Inspection shall be conducted during normal business hours and with prior notice to Celestica and may require participation by Celestica.
Product Purchasing a. Purchase orders for GrimmSpeed Product must be submitted to GrimmSpeed by The Dealer via email to ▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇.▇▇▇. Payment terms are noted in your Authorization Approval documentation and may be changed at any time with notice. Late payments by The Dealer may bear a one percent (1%) interest for each month where payment is owed by not received. Failure to pay GrimmSpeed in full by the time noted in your individual payment terms is considered to be a breach of this agreement and may result in the altering of future payment terms and options. The Dealer may use a standard purchase order form as required by their purchasing system, but not that all other terms printed or otherwise included in that form, beyond the contents of the order of itself are null and void.
b. Purchase orders received will be processed as quickly as possible and all in-stock inventory will be delivered in a reasonable time frame. GrimmSpeed products that are out of stock may be canceled, placed on the next shipment or sent separately. GrimmSpeed staff will communicate effectively and efficiently regarding out-of-stock situations.
c. GrimmSpeed does not generally facilitate the ‘dropshipping’ of orders. On a case-by-case basis, GrimmSpeed may agree to ship an order to a location other than The Dealer and depending on the circumstance, such a service may incur a surcharge, to be agreed upon prior to shipping.. These terms are subject to change without notice.
d. All shipments are made from our facility in Minneapolis, MN and risk of loss is transferred to The Dealer upon delivery to the carrier. Products shall be deemed accepted by you upon delivery to such carrier and you waive all right of revocation. In the event of any damage to Products in shipment, The Dealer will be responsible for resolving any resulting claims with the carrier.
Product Purchasing